RATE Group | Crypto-Lending Service Celsius Network Celebrates $2 Billion in Cryptocurrency Loans
56876
post-template-default,single,single-post,postid-56876,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Crypto-Lending Service Celsius Network Celebrates $2 Billion in Cryptocurrency Loans

04 Aug Crypto-Lending Service Celsius Network Celebrates $2 Billion in Cryptocurrency Loans

Posted at 18:49h in Cryptocurrency News by

[ad_1]

Celsius Network Crypto Celebration

Celsius Network has become the largest crypto-lending company as it completed over $2 billion in digital coin loans with more than $300 million in digital coin deposits in its first year of operation, the company announced.

Celsius Network is an industry-leading crypto platform that allows users to get a loan against their crypto holdings. Apart from that users can also earn interest on their crypto deposits as the company shares up to 80% of its revenues with the Celsius community in the form of weekly interest payments.

The company let the users earn up to 10% interest on their cryptocurrency deposit. With this business model of paying the interest out, Celsius has paid out over $3 million in interest income to its 40,000 active members in its first 12 months, considering the interest rate up to 10.53%.

These numbers prove that Celsius has been growing significantly in the very first year since its official launch and its unparalleled growth has put the firm on leading place making…

[ad_2]

Source link

Tags:
, , , , , , , ,